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Page: Company Financials

Central Reinsurance Corporation

Ticker: 2851.TW | Industry: Insurance - Reinsurance | Sector: Financial Services
$26.90 -0.20 (-0.74%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Stock Price 24.98 25.73 21.29 23.05 26.72 19.09 17.85 17.80 14.31 13.21 14.58 15.01 12.40 11.70 13.74 15.19
Market Capitalization 20,059.07M 20,598.26M 17,038.28M 13,653.23M 15,829.64M 11,231.90M 10,525.68M 10,465.75M 8,594.67M 7,843.85M 8,556.11M 8,817.24M 7,296.10M 7,206.76M 8,048.41M 8,965.37M
(-) Cash & Equivalents 9,168.20M 7,028.48M 17,149.37M 21,394.28M 18,251.03M 16,146.17M 14,482.49M 16,247.38M 15,923.17M 14,559.17M 17,283.66M 17,696.77M 16,857.51M 16,261.77M 16,254.30M 3,938.82M
(+) Total Debt 0.69M 1.04M 1.49M 1.39M 1.52M 0.47M 0.36M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 10,891.56M 13,570.81M -109.60M -7,739.67M -2,419.87M -4,913.80M -3,956.45M -5,781.63M -7,328.50M -6,715.32M -8,727.56M -8,879.53M -9,561.41M -9,055.01M -8,205.89M 5,026.55M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Revenue 20,680M 23,270M 22,887M 21,978M 21,338M 20,441M 17,657M 16,093M 14,872M 14,600M 13,444M 14,068M 16,284M 15,384M 14,351M 13,205M 13,495M 13,373M
Cost of Revenue 5,662M 5,957M 5,768M 5,799M 5,221M 5,588M 4,811M 4,657M 4,424M 4,210M 4,231M 4,322M 4,782M 4,908M 4,279M 3,841M 3,914M 3,666M
Gross Profit 15,018M 17,312M 17,118M 16,180M 16,118M 14,853M 12,846M 11,436M 10,448M 10,389M 9,213M 9,746M 11,502M 10,476M 10,071M 9,364M 9,581M 9,706M
Gross Profit Margin 72.6% 74.4% 74.8% 73.6% 75.5% 72.7% 72.8% 71.1% 70.3% 71.2% 68.5% 69.3% 70.6% 68.1% 70.2% 70.9% 71.0% 72.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 604M 673M 607M 681M 490M 493M 403M 352M 369M 372M 309M 334M 374M 377M 360M 348M 388M 488M
Operating Expenses 13,324M 13,989M 14,154M 13,685M 16,094M 12,382M 11,057M 9,928M 9,070M 8,695M 8,300M 8,764M 10,501M 9,532M 9,278M 9,227M 8,761M 8,405M
Operating Income (EBIT) 1,694M 3,324M 2,965M 2,495M 23M 2,471M 1,789M 1,508M 1,377M 1,694M 913M 982M 1,001M 945M 794M 137M 820M 1,301M
Operating Income Margin 8.2% 14.3% 13.0% 11.4% 0.1% 12.1% 10.1% 9.4% 9.3% 11.6% 6.8% 7.0% 6.1% 6.1% 5.5% 1.0% 6.1% 9.7%
Interest Income 1,100M 953M 1,036M 871M 577M 404M 479M 524M 386M 293M 290M 358M 315M 291M 361M 242M 234M 345M
Interest Expense 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 1M
Net Interest Income 1,100M 953M 1,036M 871M 577M 404M 479M 524M 386M 293M 290M 358M 315M 291M 361M 242M 234M 344M
Unusual Items -1,100M -953M -1,036M -871M -577M -404M -479M -524M -386M -293M -290M -358M -315M -291M -361M -242M -234M -344M
EBT Excluding Unusual Items 2,795M 4,276M 4,001M 3,366M 600M 2,875M 2,268M 2,032M 1,763M 1,987M 1,203M 1,340M 1,316M 1,236M 1,154M 379M 1,054M 1,645M
Pre-Tax Income 1,694M 3,324M 2,965M 2,495M 23M 2,471M 1,789M 1,508M 1,377M 1,694M 913M 982M 1,001M 945M 794M 137M 820M 1,301M
Pre-Tax Margin 8.2% 14.3% 13.0% 11.4% 0.1% 12.1% 10.1% 9.4% 9.3% 11.6% 6.8% 7.0% 6.1% 6.1% 5.5% 1.0% 6.1% 9.7%
Income Tax Expense 240M 541M 450M 405M -230M 406M 273M 403M 327M 305M 147M 216M 130M 213M 115M 17M 116M 308M
Net Income 1,454M 2,783M 2,515M 2,090M 253M 2,065M 1,516M 1,104M 1,050M 1,389M 766M 766M 871M 732M 679M 158M 705M 993M
Net Income Margin 7.0% 12.0% 11.0% 9.5% 1.2% 10.1% 8.6% 6.9% 7.1% 9.5% 5.7% 5.4% 5.3% 4.8% 4.7% 1.2% 5.2% 7.4%
Depreciation & Amortization 28M 27M 27M 27M 22M 13M 13M 11M 11M 11M 11M 11M 9M 8M 11M 16M 16M 15M
EBITDA 1,723M 3,351M 2,991M 2,522M 45M 2,484M 1,801M 1,519M 1,388M 1,705M 923M 992M 1,010M 953M 805M 153M 836M 1,316M
EBITDA Margin 8.3% 14.4% 13.1% 11.5% 0.2% 12.2% 10.2% 9.4% 9.3% 11.7% 6.9% 7.1% 6.2% 6.2% 5.6% 1.2% 6.2% 9.8%
NOPAT 1,454M 2,783M 2,515M 2,090M 253M 2,065M 1,516M 1,104M 1,050M 1,389M 766M 766M 871M 732M 679M 120M 705M 993M
NOPAT Margin 7.0% 12.0% 11.0% 9.5% 1.2% 10.1% 8.6% 6.9% 7.1% 9.5% 5.7% 5.4% 5.3% 4.8% 4.7% 0.9% 5.2% 7.4%
Owner's Earnings 1,454M 2,798M 2,523M 2,084M 242M 2,063M 1,520M 1,103M 1,050M 1,395M 775M 768M 863M 739M 683M 169M 715M 1,003M
Owner's Earnings Margin 7.0% 12.0% 11.0% 9.5% 1.1% 10.1% 8.6% 6.9% 7.1% 9.6% 5.8% 5.5% 5.3% 4.8% 4.8% 1.3% 5.3% 7.5%
EPS (Basic) 1.82 3.48 3.14 2.61 0.41 3.39 2.49 1.81 1.73 2.28 1.26 1.26 1.43 1.20 1.12 0.26 1.16 1.63
EPS (Diluted) 1.81 3.48 3.14 2.61 0.41 3.39 2.49 1.81 1.73 2.28 1.26 1.26 1.43 1.20 1.12 0.26 1.16 1.63
Shares (Basic) 802M 801M 800M 801M 617M 608M 608M 608M 608M 608M 608M 608M 590M 590M 590M 608M 608M 608M
Shares (Diluted) 802M 801M 801M 800M 617M 608M 608M 608M 608M 608M 608M 608M 608M 609M 607M 608M 608M 608M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Cash & Cash Equivalents 9,556.17M 8,780.22M 11,701.51M 14,490.91M 21,853.61M 17,285.84M 15,001.59M 12,603.77M 17,745.31M 16,772.18M 15,588.71M 16,461.57M 18,430.91M 17,673.89M 17,008.18M 16,112.00M 15,755.26M 13,107.89M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,419.34M 6,004.82M 3,802.12M 0.00M 4,966.83M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 9,556.17M 8,780.22M 11,701.51M 14,490.91M 21,853.61M 17,285.84M 15,001.59M 12,603.77M 17,745.31M 22,191.52M 21,593.53M 20,263.69M 18,430.91M 22,640.71M 17,008.18M 16,112.00M 15,755.26M 13,107.89M
Net Receivables 516.92M 856.59M 743.51M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -10,073.10M -856.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 0.00M 8,780.22M 12,445.02M 14,490.91M 21,853.61M 17,285.84M 15,001.59M 12,603.77M 17,745.31M 22,191.52M 21,593.53M 20,263.69M 18,430.91M 22,640.71M 17,008.18M 16,112.00M 15,755.26M 13,107.89M
Property, Plant & Equipment 285.91M 281.20M 282.50M 290.39M 277.54M 269.89M 206.89M 205.24M 204.78M 206.75M 208.19M 213.44M 214.77M 203.97M 207.13M 209.55M 155.39M 156.30M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 13.90M 15.35M 10.39M 8.81M 13.81M 7.25M 5.24M 8.87M 5.19M 0.92M 2.48M 3.79M 1.53M 2.14M 3.44M 3.24M 11.06M 19.12M
Long-Term Investments 36,711.76M 38,181.75M 35,823.01M 28,455.74M 17,652.20M 21,832.15M 18,634.57M 19,146.91M 12,957.93M 13,964.74M 12,454.06M 11,241.51M 9,450.80M 9,354.72M 9,157.08M 8,356.30M 11,838.86M 14,807.13M
Tax Assets 105.74M 129.18M 82.23M 136.63M 462.37M 234.16M 175.76M 63.77M 27.92M 70.83M 61.14M 28.12M 36.42M 47.43M 238.10M 232.27M 223.94M 226.69M
Other Non-Current Assets 20,424.67M 11,311.09M 9,210.49M 8,656.89M -18,405.91M -22,343.45M -19,022.46M -19,424.80M -13,195.81M -14,243.24M -12,725.87M -11,486.86M -9,703.52M -9,608.26M -9,605.75M -8,801.36M -12,229.26M -15,209.24M
Other Assets 0.00M 0.00M 0.00M 1,858.35M 10,012.26M 9,835.66M 8,689.54M 7,133.46M 6,349.03M 75.66M -731.17M 1,514.52M 5,874.74M 688.26M 5,485.05M 5,565.46M 2,027.85M 1,364.57M
Total Non-Current Assets 57,541.98M 49,918.56M 45,408.63M 39,406.81M 10,012.26M 9,835.66M 8,689.54M 7,133.46M 6,349.03M 75.66M -731.17M 1,514.52M 5,874.74M 688.26M 5,485.05M 5,565.46M 2,027.85M 1,364.57M
Total Assets 57,541.98M 58,698.79M 57,853.65M 53,897.72M 31,865.87M 27,121.50M 23,691.13M 19,737.23M 24,094.34M 22,267.18M 20,862.36M 21,778.21M 24,305.65M 23,328.98M 22,493.23M 21,677.47M 17,783.12M 14,472.46M
Accounts Payable 2,531.55M 664.97M 1,333.36M 1,338.01M 589.39M 757.11M 420.92M 456.54M 309.81M 409.87M 317.14M 425.19M 577.91M 393.77M 852.88M 611.59M 646.65M 1,041.42M
Short-Term Debt 0.37M 0.00M 0.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 299.25M 286.06M 182.69M 23.41M 2.96M 276.45M 105.94M 266.26M 102.28M 217.57M 81.33M 68.01M 115.63M 25.04M 0.00M 0.00M 32.96M 118.60M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 586.72M 756.15M 419.33M 456.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities -2,831.17M 0.00M -0.50M -1,361.42M -592.36M -1,033.56M -526.86M -722.81M -412.09M -627.44M -398.47M -493.20M -693.53M -418.81M -933.67M -612.56M -815.78M -1,405.82M
Total Current Liabilities 0.00M 951.03M 1,516.05M 0.00M 586.72M 756.15M 419.33M 456.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -80.79M -0.97M -136.16M -245.80M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.65M 0.74M 0.82M 1.29M 1.82M 1.35M 0.38M 0.61M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 203.38M 438.98M 463.57M 166.00M 133.36M 60.59M 126.24M 76.54M 44.64M 130.38M 41.56M 76.19M 77.80M 51.45M 41.56M 41.56M 72.22M 72.22M
Other Non-Current Liabilities -204.03M 36,699.44M 35,152.47M 10,575.61M -135.18M -61.94M -126.62M -77.15M -44.64M -130.38M -41.56M -76.19M -77.80M -51.45M -41.90M -42.02M -72.59M -72.74M
Total Non-Current Liabilities 0.00M 37,139.16M 35,616.86M 10,742.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.34M -0.47M -0.37M -0.52M
Total Liabilities 0.00M 38,090.19M 37,132.91M 10,742.90M 586.72M 756.15M 419.33M 456.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -81.13M -1.44M -136.53M -246.32M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 67.74M 0.00M 0.00M 0.00M 0.00M
Common Stock 8,003.89M 8,003.89M 8,003.89M 8,003.89M 8,003.89M 5,903.89M 5,903.89M 5,903.89M 5,903.89M 5,622.75M 5,622.75M 5,622.75M 5,622.75M 5,622.75M 5,512.50M 5,512.50M 5,512.50M 5,512.50M
Retained Earnings 858.76M 2,698.60M 2,072.07M 1,587.42M -112.32M 1,879.41M 1,414.35M 1,053.23M 1,046.22M 1,360.78M 798.71M 816.09M 3,369.90M 784.26M 599.68M 681.97M 1,595.17M 1,915.74M
Accumulated OCI 0.00M 0.00M 717.31M 9,463.01M 9,106.18M 8,769.12M 6,091.00M 5,072.00M 4,248.13M 4,267.95M 3,077.75M 2,910.65M 164.27M -67.74M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 8,862.64M 10,702.48M 10,793.27M 19,054.31M 16,997.75M 16,552.41M 13,409.24M 12,029.12M 11,198.24M 11,251.47M 9,499.21M 9,349.48M 9,156.92M 6,407.01M 6,112.18M 6,194.47M 7,107.67M 7,428.24M
Total Equity 8,862.64M 10,702.48M 10,793.27M 19,054.31M 16,997.75M 16,552.41M 13,409.24M 12,029.12M 11,198.24M 11,251.47M 9,499.21M 9,349.48M 9,156.92M 6,407.01M 6,112.18M 6,194.47M 7,107.67M 7,428.24M
Total Liabilities & Equity 8,862.64M 48,792.67M 47,926.18M 29,797.21M 17,584.47M 17,308.56M 13,828.57M 12,485.43M 11,198.24M 11,251.47M 9,499.21M 9,349.48M 9,156.92M 6,407.01M 6,031.05M 6,193.03M 6,971.14M 7,181.93M
Tangible Assets 57,528.08M 58,683.44M 57,843.26M 53,888.91M 31,852.06M 27,114.25M 23,685.89M 19,728.36M 24,089.15M 22,266.26M 20,859.88M 21,774.42M 24,304.12M 23,326.83M 22,489.79M 21,674.22M 17,772.05M 14,453.34M
Tangible Equity 8,848.75M 10,687.14M 10,782.88M 19,045.50M 16,983.94M 16,545.16M 13,404.00M 12,020.26M 11,193.05M 11,250.55M 9,496.73M 9,345.70M 9,155.39M 6,404.86M 6,108.74M 6,191.23M 7,096.61M 7,409.12M
Tangible Book Value 8,848.75M 10,687.14M 10,782.88M 19,045.50M 16,983.94M 16,545.16M 13,404.00M 12,020.26M 11,193.05M 11,250.55M 9,496.73M 9,345.70M 9,155.39M 6,404.86M 6,108.74M 6,191.23M 7,096.61M 7,409.12M
Total Investments 36,711.76M 38,181.75M 35,823.01M 28,455.74M 17,652.20M 21,832.15M 18,634.57M 19,146.91M 12,957.93M 19,384.08M 18,458.88M 15,043.63M 9,450.80M 14,321.54M 9,157.08M 8,356.30M 11,838.86M 14,807.13M
Net Debt -9,555.80M -8,780.22M -11,701.01M -14,490.91M -21,853.61M -17,285.84M -15,001.59M -12,603.77M -17,745.31M -16,772.18M -15,588.71M -16,461.57M -18,430.91M -17,673.89M -17,008.18M -16,112.00M -15,755.26M -13,107.89M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Working Capital 0.0M 8,115.3M 11,111.7M 13,129.5M 21,264.2M 16,528.7M 14,580.7M 12,147.2M 17,435.5M 21,781.6M 21,276.4M 19,838.5M 17,853.0M 22,246.9M 16,707.1M 15,794.3M 14,685.0M 12,066.5M
Total Capital 18,909.1M 20,895.4M 20,904.3M 19,055.6M 16,999.6M 16,553.8M 13,409.6M 12,029.7M 11,198.2M 11,251.5M 9,499.2M 9,349.5M 9,456.9M 9,033.5M 7,993.4M 7,118.5M 8,045.6M 8,098.7M
Capital Employed 57,542.0M 58,033.8M 56,520.3M 52,536.3M 49,682.4M 48,707.8M 42,292.7M 38,705.5M 36,980.3M 36,100.6M 33,271.1M 32,839.9M 33,431.3M 32,543.5M 31,797.9M 30,161.1M 28,942.1M 28,640.3M
Invested Capital 9,352.9M 12,115.2M 9,202.7M 4,564.7M -4,854.0M -732.1M -1,592.0M -574.0M -6,547.1M -5,520.7M -6,089.5M -7,112.1M -8,974.0M -8,640.3M -9,014.8M -8,993.5M -7,709.7M -5,009.2M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
Net Income 1,694.25M 2,967.65M 2,964.74M 2,089.94M 23.38M 2,471.15M 1,788.64M 1,507.51M 1,377.10M 1,694.16M 912.72M 981.82M 1,001.01M 944.80M 679.37M 157.92M 704.87M 992.82M
Depreciation & Amortization 28.45M 26.14M 26.62M 27.45M 21.65M 12.65M 12.51M 11.28M 10.74M 10.60M 10.60M 10.57M 9.40M 8.33M 11.05M 15.76M 15.83M 15.48M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 42.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -3,024.91M -7,867.27M -5,460.94M -10,596.21M 2,407.77M -2,290.52M -460.87M -6,007.43M -265.50M -333.89M -335.44M 649.29M 280.91M -186.36M 714.02M -177.23M 878.13M -1,398.94M
Accounts Receivable -163.62M 19.81M 34.49M -253.52M -99.49M 164.61M -151.47M -50.62M 32.98M -139.54M 113.26M 168.61M -215.88M 167.83M 116.12M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -2,861.29M -11,642.78M -5,495.43M -10,342.69M 2,507.26M -2,455.12M -309.41M -5,956.81M -3,738.58M -884.03M -197.18M 176.04M 236.49M -894.87M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 1,652.25M 2,667.68M 738.08M 1,147.12M -369.87M 2,980.70M 1,645.27M -112.35M 436.11M 802.02M 507.22M -654.83M -96.16M -33.43M -28.35M -160.62M 1,071.27M 611.60M
Net Cash from Operating Activities 350.04M -2,212.48M -1,731.49M -7,331.70M 2,124.93M 3,173.98M 2,985.54M -4,600.99M 1,558.45M 2,172.89M 1,095.11M 986.85M 1,195.16M 733.34M 1,376.09M -164.17M 2,670.09M 220.97M
Capital Expenditures (PPE) -11.74M -11.95M -3.03M -23.27M -33.16M -15.05M -8.36M -12.25M -11.23M -5.07M -1.47M -8.91M -16.93M -1.44M -6.59M -4.90M -5.83M -5.22M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.30M -0.78M -4.12M -2.84M -1.95M 3.70M 0.19M 0.00M 3.97M
Purchases of Investments -0.29M -0.24M 0.00M 0.00M -0.48M -0.36M -0.43M -0.13M -0.07M -10,983.13M -19,509.26M -21,021.34M -11,683.90M -10,825.51M -8,060.84M -10,160.37M -8,071.01M -4,334.59M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 10,752.51M 16,753.31M 19,644.85M 12,212.92M 11,267.56M 7,588.07M 10,979.49M 8,880.99M 7,172.25M
Other Investing Activities -22.65M -10.48M -16.43M -10.57M -19.06M -6.43M -0.88M -6.19M -0.07M -478.10M 1,216.97M -894.81M -276.00M -247.56M -4.25M 257.75M 0.00M -3.97M
Net Cash from Investing Activities -34.39M -17.99M -19.46M -33.83M -33.64M -15.40M -8.79M -12.38M -11.30M -714.10M -1,541.23M -2,284.33M 233.25M 191.10M -479.91M 1,072.16M 804.15M 2,832.44M
Net Debt Issuance -0.18M 0.00M -0.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance -0.18M 0.00M -0.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 3,318.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -1,120.54M 0.00M -1,062.70M -767.51M -531.35M -531.35M -562.28M -281.14M -393.59M -674.73M -674.73M -275.63M 0.00M -551.25M -826.88M 0.00M
Common Dividends Paid 0.00M 0.00M -1,120.54M 0.00M -1,062.70M -767.51M -531.35M -531.35M -562.28M -281.14M -393.59M -674.73M -674.73M -275.63M 0.00M -551.25M -826.88M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -1,120.74M -0.54M 0.00M -0.54M 3,317.56M -0.40M -0.23M -0.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -1,120.92M -0.54M -1,121.01M -0.54M 2,254.86M -767.91M -531.58M -531.66M -562.28M -281.14M -393.59M -674.73M -674.73M -275.63M 0.00M -551.25M -826.88M 0.00M
Effect of FX on Cash -120.60M 48.75M 82.55M 3.37M 221.63M -106.42M -47.36M 3.50M -11.75M 5.81M -33.14M 2.87M 3.34M 16.89M -18.60M 0.00M 0.00M 0.00M
Net Change in Cash -925.87M -8,606.81M -2,789.41M -7,362.70M 4,567.77M 2,284.25M 2,397.81M -5,141.53M 973.13M 1,183.47M -872.86M -1,969.34M 757.02M 665.71M 896.18M 356.74M 2,647.37M 3,053.41M
Cash at Beginning of Period 40,294.26M 52,863.00M 14,490.91M 21,853.61M 17,285.84M 15,001.59M 12,603.77M 17,745.31M 16,772.18M 15,588.71M 16,461.57M 18,430.91M 17,673.89M 17,008.18M 16,112.00M 15,755.26M 13,107.89M 10,054.48M
Cash at End of Period 39,368.39M 47,636.68M 11,701.51M 14,490.91M 21,853.61M 17,285.84M 15,001.59M 12,603.77M 17,745.31M 16,772.18M 15,588.71M 16,461.57M 18,430.91M 17,673.89M 17,008.18M 16,112.00M 15,755.26M 13,107.89M
Operating Cash Flow 350.04M -2,212.48M -1,731.49M -7,331.70M 2,124.93M 3,173.98M 2,985.54M -4,600.99M 1,558.45M 2,172.89M 1,095.11M 986.85M 1,195.16M 733.34M 1,376.09M -164.17M 2,670.09M 220.97M
Capital Expenditure -28.23M -11.95M -18.55M -33.54M -33.16M -15.05M -8.36M -12.25M -11.23M -5.07M -1.47M -8.91M -16.93M -1.44M -6.59M -4.90M -5.83M -5.22M
Free Cash Flow 315.94M -2,229.76M -1,750.04M -7,365.24M 2,091.76M 3,158.94M 2,977.18M -4,613.24M 1,547.22M 2,167.82M 1,093.63M 977.93M 1,178.23M 731.90M 1,369.50M -169.07M 2,664.26M 215.75M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31
EBITDA 14,442.80M 16,666.04M 16,537.67M 15,526.34M 15,649.05M 14,372.51M 12,455.26M 11,094.74M 10,089.00M 10,027.76M 8,914.62M 9,422.91M 11,137.58M 10,107.68M 9,722.66M 9,031.65M 9,208.50M 9,233.76M
(-) Tax Adjustment 2,045.96M 2,712.64M 2,507.72M 2,519.54M 0.00M 2,361.76M 1,900.40M 2,968.78M 2,395.88M 1,803.52M 1,435.09M 2,072.58M 1,447.95M 2,275.62M 1,405.29M 1,098.55M 1,296.73M 2,186.79M
(-) Change In Working Capital -3,024.91M -7,867.27M -5,460.94M -10,596.21M 2,407.77M -2,290.52M -460.87M -6,007.43M -265.50M -333.89M -335.44M 649.29M 280.91M -186.36M 714.02M -177.23M 878.13M -1,398.94M
(-) Capital Expenditure -28.23M -11.95M -18.55M -33.54M -33.16M -15.05M -8.36M -12.25M -11.23M -5.07M -1.47M -8.91M -16.93M -1.44M -6.59M -4.90M -5.83M -5.22M
Unlevered Free Cash Flow 15,393.51M 21,808.72M 19,472.33M 23,569.47M 13,208.12M 14,286.22M 11,007.36M 14,121.15M 7,947.38M 8,553.06M 7,813.50M 6,692.14M 9,391.79M 8,016.98M 7,596.75M 8,105.42M 7,027.81M 8,440.68M
(-) Net Interest Income After Taxes 944.43M 797.51M 879.10M 729.54M 576.71M 337.41M 406.13M 384.06M 294.00M 240.36M 243.61M 279.06M 274.16M 225.74M 308.51M 212.73M 200.81M 262.59M
Net Debt Issuance -0.18M 0.00M -0.47M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 14,448.90M 21,011.21M 18,592.77M 22,839.94M 12,631.41M 13,948.81M 10,601.24M 13,737.09M 7,653.39M 8,312.70M 7,569.89M 6,413.07M 9,117.63M 7,791.24M 7,288.25M 7,892.70M 6,827.00M 8,178.09M